The Government of Armenia approved a legislative package introducing Simple Agreement for Future Equity (SAFE) to the local regulations.
The legislative package was developed thanks to the efforts of the Investment Council of Armenia with a collaborative effort with the involvement of the startup ecosystem representatives. The regulations will be approved upon ratification of the initiative by the National Assembly.
While many Armenia born startups are incorporated in Delaware and this initiative will not impact them directly, it is an important step in making Armenian regulations more startup friendly that will result in positive changes in the long term.
It is so special to see that Government explains how the SAFE works and its importance for pre-seed and seed stage startups. Read more on the Facebook page of the Ministry of Economy here.
https://t.me/threenstartups
#icarmenia #ebrd #regulations #safe #ecosystem
The legislative package was developed thanks to the efforts of the Investment Council of Armenia with a collaborative effort with the involvement of the startup ecosystem representatives. The regulations will be approved upon ratification of the initiative by the National Assembly.
While many Armenia born startups are incorporated in Delaware and this initiative will not impact them directly, it is an important step in making Armenian regulations more startup friendly that will result in positive changes in the long term.
It is so special to see that Government explains how the SAFE works and its importance for pre-seed and seed stage startups. Read more on the Facebook page of the Ministry of Economy here.
https://t.me/threenstartups
#icarmenia #ebrd #regulations #safe #ecosystem
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